Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-10-21
ONO VALLEY EXTENSION.
A False aunor Nailed.

The Athenisns, who are as eager
to-day, as they were in st. Pall's
time, to hear and tell something new,
either for want of better occupation
or some interested purpose, have been
circulating rumors Of late that the
Ohio Valley Railroad was about to
sell out, or about to be gobbled up,
or consolidated in some way with
the L. & n, tho very railroad with
which it proposed to compete for the
trade Of Christian County. The ru-
NOR naturally has stirred up some
thing Of breeze in a community
which a few weeks since voted q
subscription of 100000 for the ex-
tension of the Ohio Valley to Hop
kinsville. II is true that this sub
scription was conditional, and that
any sale or consolidation of the Ohio
Valley with the L. & N. would re-
lease Hopkintville district from Its
payment. But even thus there would
be 4 serious waste of time and hurt
full delay OH the part Of the people,
who are deeply interested in securing
reasonable freights, and who are de-
termined to be placed on an equal
footing with rival markets. II the
rumors were well founded they
would convict the Ohio Valley of
bad faith and gross deception for it
gave positive assurance that no such
sale or consolidation would be made.
In reference to the foregoing rumors,
we are authorized to state in behalf
OF those who have official knowledge
OF the fact that they are entirely
groundless. They have no founda-
tiou except what surmise may find
in the delay of the Ohio Valley in
making the desired extension of its
line. But this delay may be satisfac-
torily explained. The New York
money market where loans are ne
gotiated for constructing public
works has been tight for weeks; rates
Of interest are ruinously high even
for call loans on Government bond
collaterals, while long loans are
effected only at enormous rates. No
railroad company whose basis 10
sound and whose officers are safe
business men would think of nego-
tiating a loan at usurious interest,
and 1t speaks favorably for the new
railroad that it declines to assume
such burden. An early change in
monetary affairs may be expected
and in that event the public have
every reason to believe that the Ohio
Valley will push Its line rapidly from
Princeton to HopkinSville and give
the farmers and merchants new
outlet TO the great markets. The fol-
lowing letter from the attorney of the
Ohio Valley railroad was handed in
after the foregoing was in type. 1t
is explicit and satisfactory:
Ohio Valley Rail,cdy Co., General
Office.
HENDERSON, KY, Oct. 10, 81.
DIR. WHEELER,
Hopkinsville, KY.
Dear Sir:
Your favor of the 18th duly receiv-
ed. There Is no word of truth in the
rumor that the o. V. has sold out to
the l.. s. N.
l have to-day been in conference
with Capt. Brown who owns the
most of the stock and he knotrs moth
ing oft. lam myself stakeholder
and q member of the Directory and
and no such proposition has been pre-
sented 10 the Board or oven talked of.
can not be more definite than this.
I assure you there is nothing as far
as l know in such reports. You
know how often they have been cal
culated and how basely they have
been, your people may rest satisfied
that the o. Y. t0tll be built to them in
the time named in their subscription.
Truly Your Friend,
JAS. It. CLAY.